7 Frost Lane
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Jan 10, 2024 | Sold | ||
| Sold | |||
| Jul 27, 2023 | No longer available | - | |
| No longer available | |||
| Jul 27, 2023 | Listed by Howard Hanna Rand Realty | $230,000 | |
| Listed by Howard Hanna Rand Realty | |||
| | |||
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Price Improvement! Welcome to 7 Frost Lane, Cornwall, New York a charming and timeless older colonial residence that captures the essence of history. Upon entering, you'll be captivated by the potential and traditional charm that defines this home. Original hardwood floors, and abundance of natural light creating an inviting and cozy atmosphere. The main floor features a spacious living room, perfect for gathering with family and friends. Adjacent to the living room, you'll find a formal dining room that provides ample space for hosting memorable holidays. The kitchen is a delightful blend of old-world charm and modern functionality, featuring rustic cabinetry and stainless steel appliances. Whether you're an avid chef or prefer simple meals, this kitchen will cater to your culinary needs. Venturing upstairs, you'll discover the comfortable 2 bedrooms and office each with its unique character and plenty of space for personalization. Welcome Home!
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| Jul 25, 2023 | Price Decreased |
$275,000
↓ $14K
(4.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017